- Analytics
- News and Tools
- Market News
- RBA’s Lowe: Possible some further tightening will be required to return inflation to target
RBA’s Lowe: Possible some further tightening will be required to return inflation to target
Reserve Bank of Australia (RBA) Governor Philip Lowe is speaking on "The Reserve Bank Review and Monetary Policy" at the Economic Society of Australia Business Lunch, in Brisbane.
Key quotes
Possible some further tightening will be required to return inflation to target.
Remains to be determined whether monetary policy has more work to do.
Complex picture on inflation, significant uncertainties regarding outlook.
At aug meeting, board will have updated economic forecasts and new data.
There has been a "significant and rapid" tightening of monetary policy.
Very conscious monetary policy operates with lag, full effects yet to be felt.
Economic growth to be subdued over next couple of years, will take time for inflation to return to target.
Determined to return inflation to target within reasonable timeframe.
Rba board to make changes based on independent review.
From 2024, the board will meet eight times a year, rather than 11 times.
Board meetings to start on monday, conclude at usual time on Tuesday.
Post-meeting statement announcing the decision will be issued by board, rather than governor.
Rba governor will hold a media conference after each board meeting to explain decision.
Quarterly statement on monetary policy will be released at same time as policy decision.
Current board structure to remain as is.
RBA board to decide on some review recommendations at a later date.
Market reaction
On Lowe’s remarks, AUD/USD holds notable gains near 0.6730. The pair is up 0.67% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
